#usq3gdpandseptemberpceduenextweek
đš PCE + GDP drop together: what is the market missing?
Thursday, Oct 29, 8:30 AM ET: the BEA releases Q3 GDP and September PCE, right after the Oct 28 FOMC decision.
đ Key numbers:
âą Q3 GDP: forecasts ~2.7â3.5% (sources vary)
âą Core PCE (Sep): ~0.3% m/m, ~3.1% y/y
âą The Fed already hiked to 3.75â4.00% in September
â ïž Many posts still talk about "rate-cut hopes," but the backdrop is now a tightening cycle. September PPI jumped 1.3% m/m, hotter than expected. The real question: how many more hikes are coming?
đ§ 3 scenarios:
1ïžâŁ Core PCE â€0.3% + solid GDP â pressure on risk assets eases
2ïžâŁ Core PCE â„0.4% â USD and yields rise, crypto under pressure
3ïžâŁ Weak GDP + sticky inflation â sharp volatility
My take: I'm watching core PCE and Treasury yields first, price second. No FOMO on the first candle.
Which scenario are you leaning toward? đ
$BTC
$ETH
$BNB
#PCE #Fed #Bitcoin
Not financial advice.
đš PCE + GDP drop together: what is the market missing?
Thursday, Oct 29, 8:30 AM ET: the BEA releases Q3 GDP and September PCE, right after the Oct 28 FOMC decision.
đ Key numbers:
âą Q3 GDP: forecasts ~2.7â3.5% (sources vary)
âą Core PCE (Sep): ~0.3% m/m, ~3.1% y/y
âą The Fed already hiked to 3.75â4.00% in September
â ïž Many posts still talk about "rate-cut hopes," but the backdrop is now a tightening cycle. September PPI jumped 1.3% m/m, hotter than expected. The real question: how many more hikes are coming?
đ§ 3 scenarios:
1ïžâŁ Core PCE â€0.3% + solid GDP â pressure on risk assets eases
2ïžâŁ Core PCE â„0.4% â USD and yields rise, crypto under pressure
3ïžâŁ Weak GDP + sticky inflation â sharp volatility
My take: I'm watching core PCE and Treasury yields first, price second. No FOMO on the first candle.
Which scenario are you leaning toward? đ
$BTC
$ETH
$BNB
#PCE #Fed #Bitcoin
Not financial advice.